. Marcuard's Market update by GaveKal Dragonomics The US-China relationship is a strange beast. The world’s two biggest national economies, which together account for more than a third of global output, are locked in a close economic and financial embrace, but are also strategic and (to a much lesser extent) military rivals. This makes the
More
By Lukman Otunuga, Research Analyst, FXTM The Asian session served a contractionary China Caixin manufacturing PMI which fell to levels not seen in six and a half years. Instability shrouded the financial markets as concerns for the world’s second largest economy were reconfirmed by market participants. There were already worries about the stability and growth
More
* Anastasiades: “We have a vision to transform Cyprus and to unlock its full potential” * President Nicos Anastasiades said in Chicago that relations with the United States are of a strategic importance and “we have a vision to transform Cyprus and to unlock its full potential, for the benefit of its people.” Speaking at
More
The Cyprus Tourism Organisation (CTO) aims to attract around 400,000 Chinese tourists, its Chairman Angelos Loizou said on Tuesday, saying that efforts are underway to resolve visa issues for Chinese citizens. A meeting will take place next Thursday at the Foreign Ministry and “once the problem is solved, the CTO can attract around 400,000 Chinese
More
The total value of non-performing loans in the Cypriot banking system rose 1.3 per cent or by EUR 351.5 mln to 27.4 bln in July, accounting for 47.4% of total exposures, the Central Bank of Cyprus said. This was up from the June figure of 46.37%. The share of NPLs as a percentage of total
More
Cyprus and Israel together “have been writing a new bold chapter in their relations in recent years”, President Nicos Anastasiades told members of the American Jewish Committee in Chicago as regards “our mutually beneficial partnership.” “The exchange of high level meetings, most recently in June by myself in Israel and in July by Prime Minister
More
Bullion Capital, the physical precious metals exchange founded in Australia in 2011, has added Peru-based Financial FX to its list of 80 brokers recruited this year, offering the exchange’s physical bullion trading platform MetalDesk. The trading platform gives investors the opportunity to achieve portfolio diversification by enabling them to trade physical precious metals on an
More
Two authorised insolvency advisors from the Cyprus and Ireland offices of Baker Tilly have been appointed by creditors as liquidators of the now defunct Orphanides Public Co. The international advisory firm said that Antonis Vasiliou and George Maloney were appointed after the recent Larnaca District Court ruling into the case and following the creditors meeting
More
Dickran Ouzounian & Co. Ltd. is celebrating 50 years of cooperation with Toyota Motor Corporation this year by hosting a number of events to mark the occasion. After organising the record-breaking parade of 744 cars in June, the authorised importers and distributors of Toyota in Cyprus are now supporting the Rotary Club of Nicosia’s presentation
More
Global motor sales will improve in 2016, with steady growth in the US and strong sales in western Europe mitigating sharply lower sales in Japan and slowing growth in China, said Moody’s Investors Service. As a result, the rating agency maintained its stable outlook for the global automotive manufacturing industry. Moody’s forecasts global light vehicle
More